This study introduces an original methodology combining ensemble boosting and conditional probability theory to estimate return periods of rare climate extremes without relying on long climate simulations. The method is rigorously developed, validated on a red-noise process, and applied to CESM2 simulations, including an analysis of the 2021 Pacific Northwest heatwave. Importantly, this framework enables linking probability estimates to specific climate storylines, allowing an assessment of the odds that an extreme event like the one examined will occur in the future.